Danske Bank A/S, which is cutting 3,000 jobs after being dragged through housing bubbles in Denmark and Ireland, is now bracing for a possible adjustment in Sweden’s property market.
“We are concerned about the house prices in Sweden in particular, which have not seen the correction as in other economies,” Eivind Kolding, chief executive officer at Denmark’s biggest bank, said in a Nov. 8 interview in London. “This is something that we have very much on the radar.”..............................................Full Article: Source